Predicting Your Overhead Rate in Uncertain Times

The financial impacts of the ongoing pandemic have varied dramatically among A/E firms across the U.S., but one common theme has emerged – the effect on 2020 and 2021 overhead rates is likely to be substantial.  Some firms may see their rate drop significantly, with decreases they have experienced in certain costs and highly efficient staff who have nothing to do but work on client projects.  Other firms have seen a sharp drop in workload which will result in a skyrocketing overhead rate.  Join us for this 1-hour webinar where Dan Purvine will discuss how you can develop a process to predict your overhead rate for 2020 and future years, and decisions you need to make this year that could have a significant effect on your rate.  He will cover some of the key issues affecting 2020 and 2021 costs, allowability of “new” costs that you have incurred during the pandemic, and important factors to consider as you go into the final quarter of 2020.  Don’t be surprised by an unpredictable swing in your overhead rate – predict it and take action!

CPE Credits: 1

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